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Loraine Loraine
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8 years ago
If the money wage rate does not change, a decrease in the price level will ________ the real wage rate and ________ firms' profit.
A) raise; decrease
B) raise; increase
C) lower; decrease
D) lower; increase
E) lower; not change
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 220 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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